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CBN reset rates by 350bps, yet market is still offering banks yields above 17%

CBN reset rates by 350bps, yet market is still offering banks yields above 17%
Photo: Nairametrics · view original

When the Central Bank of Nigeria cut its benchmark interest rate by 350 basis points in September, one of the immediate concerns for bank investors was that the lower-rate environment would eventually reduce what banks earn from loans, government securities and surplus cash placed with the CBN. T...

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